Invesco Building & Construction ETF (NYSEARCA:PKB) Stock Short Interest Report for September

Invesco Building & Construction ETF (NYSEARCA:PKB) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 1,235 shares, a drop of 82.8% from the September 15th total of 7,171 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 18,499 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Invesco Building & Construction ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its holdings in Invesco Building & Construction ETF by 14.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 19,773 shares of the company’s stock valued at $2,216,000 after buying an additional 2,537 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Invesco Building & Construction ETF during the second quarter worth about $170,000. Nilsine Partners LLC lifted its stake in shares of Invesco Building & Construction ETF by 3.0% in the 2nd quarter. Nilsine Partners LLC now owns 14,095 shares of the company’s stock valued at $1,579,000 after acquiring an additional 404 shares during the last quarter. Wealthcare Advisory Partners LLC increased its stake in shares of Invesco Building & Construction ETF by 16.2% in the second quarter. Wealthcare Advisory Partners LLC now owns 5,794 shares of the company’s stock valued at $649,000 after buying an additional 808 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its position in Invesco Building & Construction ETF by 7.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 7,900 shares of the company’s stock valued at $885,000 after acquiring an additional 550 shares during the period.

Invesco Building & Construction ETF Stock Down 0.4%

Shares of NYSEARCA:PKB opened at $90.70 on Friday. Invesco Building & Construction ETF has a 12 month low of $88.88 and a 12 month high of $115.81. The firm has a market cap of $272.10 million, a P/E ratio of 21.37 and a beta of 1.27. The company’s 50-day moving average price is $97.00 and its two-hundred day moving average price is $101.68.

Invesco Building & Construction ETF Company Profile

PowerShares Dynamic Building & Construction Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Building & Construction Intellidex Index (the Index). The Index evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. The Index consists of stocks of 30 United States building and construction companies. These are companies that are primarily engaged in providing construction and related engineering services for building and remodeling residential properties, commercial or industrial buildings, or working on large-scale infrastructure projects, such as highways, tunnels, bridges, dams, power lines and airports.